Tocqueville Asset Management L.P. Acquires 1,310 Shares of Rogers Co. (NYSE:ROG)

Tocqueville Asset Management L.P. raised its holdings in shares of Rogers Co. (NYSE:ROG) by 7.4% during the fourth quarter, HoldingsChannel reports. The fund owned 18,946 shares of the electronics maker’s stock after purchasing an additional 1,310 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Rogers were worth $1,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ROG. KBC Group NV raised its stake in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 236 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in Rogers during the 4th quarter valued at about $222,000. FMR LLC increased its position in shares of Rogers by 83.1% during the third quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after buying an additional 1,048 shares during the period. SG Americas Securities LLC bought a new position in shares of Rogers in the fourth quarter valued at approximately $286,000. Finally, Procyon Advisors LLC grew its stake in Rogers by 11.9% during the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after acquiring an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Trading Down 3.6 %

Rogers stock opened at $75.01 on Thursday. Rogers Co. has a 1-year low of $71.63 and a 1-year high of $134.07. The firm has a market capitalization of $1.39 billion, a PE ratio of 53.20 and a beta of 0.56. The firm’s 50 day simple moving average is $87.50 and its 200 day simple moving average is $98.17.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Research analysts forecast that Rogers Co. will post 3.57 earnings per share for the current year.

Rogers Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.